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May 23 - Gold fell to more than a week's low on Thursday, extending its decline for a third straight session, as investors grew apprehensive over U.S. rate cut timings and on strength in U.S. business activity.

Gold prices hit a record high in Asian trade on Monday as increased geopolitical tensions in the Middle East boosted safe haven demand, while a broader rally across metal markets also spilled over into the yellow metal.

Gold prices inched up on Thursday following a sharp rise in the last session as the dollar and bond yields weakened on the increasing likelihood of rate cuts by the U.S. Federal Reserve as early as September.

Gold prices holding $2,350 as U.S. PPI rises 0.5% in April.

Gold prices are seeing renewed upside momentum as more central banks show a willingness to lower interest rates, geopolitical tensions tick higher, and Chinese export data rebounds, according to Joaquin Monfort, European session editor at FXStreet.

Gold prices move lower as investors continue to debate the Fed’s next monetary policy move.

Gold prices stabilize as Fed signals pause in rate hikes.

Interest rates have been on a wild ride over the last couple of years as the Federal Reserve has worked to battle stubbornly high inflation.

Gold prices have been on a rollercoaster ride in recent weeks, reflecting the economic uncertainties and inflationary pressures that have been gripping the nation.

Gold prices steadied on Wednesday as risk premiums over tensions in the Middle East eased, while investors strapped in for U.S. economic data due later in the week that could offer clues to the Federal Reserve's interest rate path.